MONTREAL, Que. — TransForce has completed the final requirements to convert from an income fund to a corporation, the company says.
The new TransForce Inc. will begin trading under the symbol TFI.
The Quebec Superior Court has approved the switch.
“Effective today, all of the outstanding trust units of TransForce Income Fund and ‘tracking share units’ of TFI Holdings Inc., an affiliated corporation, have been exchanged for common shares of TransForce Inc. on a one-for-one basis,” the company announced.
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